WELLAND, ON, Aug. 10 /CNW/ - Lakeside Steel Inc. (TSX-V: LS) (the
"Company") announced that, effective today, it has re-hired and promoted Ron
Bedard to the position of President and Chief Operating Officer. Mr. Bedard
was the Vice President Operations, Maintenance and Engineering of Lakeside
Steel Corp., the Company's wholly-owned subsidiary. On July 17, 2009, the
Company announced the resignation of Mr. Bedard and during the intervening
period engaged in negotiations with Mr. Bedard which successfully concluded
with his rejoining the Company in his new position.
Over ten years with Stelco and, after Stelco was acquired by United
States Steel Corporation, with U.S. Steel Canada (together, "US Steel"), Mr.
Bedard held positions of increasing responsibility at both the Nanticoke and
Hamilton integrated plants. Most recently, Ron was responsible for managing
the primary division in Hamilton including the Coke Plant, Sinter Plant, Blast
Furnace and Steelmaking facilities at US Steel.
Ron's previous experience will be particularly beneficial in connection
with the Company's recently announced application to the Federal Court to seek
intervener status in the hearing involving US Steel. On August 5, the Company
announced that it was seeking intervenor status with a view to acquiring the
former Stelco assets from US Steel.
"I'm excited to be staying on with Lakeside and I look forward to working
with the Lakeside team to move the Company to the next level," said Mr.
"We are very pleased that Ron will be staying with us," said Vic Alboini,
Chairman and Chief Executive Officer of the Company, "Ron's insight and
leadership were instrumental in helping Lakeside achieve record results last
year and he is a highly regarded executive in the steel industry. With the
full respect of our Lakeside team, he is committed to growing the Company
though acquisition as well as organically."
About Lakeside Steel Inc.
Lakeside Steel Inc. is the parent company of Lakeside. Lakeside, located
in Welland, Ontario, is a diversified steel pipe and tubing manufacturer.
Lakeside's list of customers includes large oil and gas, mining, automotive
and commercial and industrial supply companies. In addition to supplying its
products in these industries, Lakeside manufactures pipe and mechanical tubing
for the resale market, which is sold to distributors in Eastern Canada and the
Northeastern United States. Lakeside manufactures a variety of products for
these industries including oil well tubing and casing, mechanical tubing,
pressure tubing, automotive tubing, hollows for redraw, line pipe, heating and
plumbing pipe, drill rod and specialty tubing. Lakeside serves customers
worldwide, either directly or indirectly, in Canada, Australia and the United
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Vic Alboini, Chairman & Chief Executive
Officer, Lakeside Steel Inc., (416) 644-8110, Fax: (416) 644-0271, e-mail:
email@example.com; Ken Hunter, Chief Financial Officer, Lakeside Steel
Inc., (905) 735-7473 ext 7218, Fax: (905) 735-9069, e-mail: